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Investing.com -- China is prepared to engage in discussions about trade policies, including tariffs and subsidies, that the United States has identified as obstacles to World Trade Organization (WTO) reform, Reuters reported on Tuesday, citing a senior delegate at China’s mission to the WTO.
The Chinese delegate stated that China had heard "every word" the U.S. had said at the WTO regarding its trade practices.
The official indicated that China is open to discussing tariffs, industrial policy, and certain benefits it receives from its developing country status, according to the report.
These statements from the Chinese delegate come after months of trade tensions between the world’s two largest economies, which have involved sweeping tariffs imposed by the United States and retaliatory measures implemented by China.
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